SoftBank Group Corp. reported a surge in quarterly profit due to valuation gains on its OpenAI investment, boosting confidence at the Japanese company to bet even more on the ChatGPT maker.

The crypto industry, after pouring millions of dollars into recent lobbying and political mobilization campaigns, faces a crucial test of its influence apparatus this week.

Cerebras Systems Inc. is guiding prospective investors that it expects to price its initial public offering above the top of its marketed range, according to people familiar with the matter, as demand soars for the chipmaker’s stock.

OpenAI’s Sam Altman testified that he was “extremely uncomfortable” with Elon Musk’s insistence that he have complete control over a proposed for-profit subsidiary of the startup back in 2017.

ServiceNow Inc.’s first US dollar bond sale since 2020 attracted demand nearly 10 times the deal’s size, defying concerns about the software firm’s vulnerability to artificial intelligence disruption.

A tribal nation is likely to succeed in blocking Kalshi from offering sports contracts on its land, a federal judge said in what appears to be the first ruling of its kind against the prediction market operator.

US wholesale inflation accelerated in April to the fastest pace since 2022 on a war-driven increase in energy prices that’s feeding into higher freight transportation costs.

Poland will continue working on legislation to tax digital platforms, Finance Minister Andrzej Domanski said, despite threats of retaliation from the US administration of Donald Trump.

The UK won’t change the tax reporting cycle for businesses mandated to adopt e-invoicing from 2029, an HMRC official said Wednesday.

On the day Silicon Valley turned against him, Ro Khanna was supposed to be on vacation.

Stellantis, the owner of Fiat and Chrysler, secured a victory Wednesday at the European Court of Justice, which ruled that the automaker’s price adjustments with local dealers didn’t count as a service, and therefore it didn’t owe value-added tax on those adjustments.

To help boost workers’ savings, 21 states and Puerto Rico have passed laws to sponsor programs aiming at increasing retirement nest eggs.

The Department of Labor’s arm that oversees employee benefits is adding staff after a year of resignations and retirements, offering clues about the agency’s direction moving forward as it adds public-facing workers and reorients its approach to enforcement.

AI changes work itself: who stays employed longer, who exits earlier, which employers can spread costs and governance through pooling, and which collectively bargained industries see their contribution base strengthened or weakened, says Hall Benefits’ Samuel Krause in the second of a two-part article.

A Chinese citizen in Texas opened two fake childcare centers for the purpose of selling H-1B visas to employees he says he hired to work there, Texas Attorney General Ken Paxton (R) said in a new lawsuit Tuesday.

A program allowing foreign graduates on student visas to start careers in the US has seen “become a magnet for fraud,” a top Department of Homeland Security official said Tuesday.

Amendments to Mexico’s Federal Labor Law published May 1 decrease the workweek to 40 hours by 2030 and gradually increase the allowable overtime hours per week, matching changes already made to the country’s constitution.

As businesses finalize their first forms to comply with global minimum tax rules, the OECD must move fast to clarify its filing expectations, exchange assumptions, and whether transitional relief will be available, Business at OECD’s Christian Kaeser says.

AI changes work itself: who stays employed longer, who exits earlier, which employers can spread costs and governance through pooling, and which collectively bargained industries see their contribution base strengthened or weakened, says Hall Benefits’ Samuel Krause in the second of a two-part article.

Congress made the adoption tax credit partially refundable for 2026—but an IRS crackdown on fraud could turn that pro-family policy into another refund-delay mechanism. To fix the problem, the agency should publish specific related guidance to make claiming the credit faster and easier, says Andrew Leahey.

The IRS’s new method for extending the time to administratively resolve employee retention credit disputes is good news for taxpayers, but litigation in federal court may still be a better option for some, Taft’s Holland King says.

The current effects of AI on retirement plans are operational, fiduciary, and uneven across plan types, says Hall Benefits’ Samuel W. Krause in the first of a two-part article.

In the Amex case, France’s Supreme Court has reaffirmed the central role of the contract when identifying the recipient of services for VAT purposes in complex intragroup structures, Grant Thornton practitioners explain.